Over the days following President Obama's re-election, the US stock market has undergone a two day sell-off resulting in a loss of over 400 points. On Wednesday, immediately following the election, the market suffered it greatest single day loss of the year.

While numerous experts point to the Europe debt crisis or an approaching fiscal cliff in the US as the culprit, many business owners have indicated Obama's re-election as a direct cause of the faltering business climate and loss of confidence.

One Las Vegas business owner, after having warned his employees of a certain lay-off if Obama were re-elected, followed through with his ominous threat dropping one fifth of his work force in anticipation of a worsening environment.

The following is a list of companies which have announced layoffs directly as a result of President Obama's re-election. Many contracting businesses have indicated that the impending implementation of Obamacare, a looming threat of tax increases, and an overall anti-business environment will now prevail and perhaps even get worse, over the next four years prompting a defensive stance.

Of course, those responsible for the reelection of his excellency don’t care a whit because it does not affect most of them. I wonder what would happen if someone announced they were going to reduce benefits at the same rate that unemployment goes up? Bet that would cause a stir.

6
posted on 11/09/2012 10:32:43 AM PST
by Mouton
(Voting is an opiate of the electorate. Nothing changes no matter who wins..)

Just more potential dem voters after they get the taste of unemployment, food stamps, housing assistance, loan forgiveness, free medical care, and free phones they will never want to go back to work! It’s all part of a democrat voter recruitment program: get them used to free stuff and they will continue to vote for more government give aways!

13
posted on 11/09/2012 11:37:09 AM PST
by Brandonmark
(OWCM is The new American Minority!)

This one kind-of stunned me. Not that they are laying off; but, the amount. 30% is a pretty big lay-off from one section of the company (management). I live in the Seattle area, this one is going to hurt.

I have known that businesses have been holding a lot of their capital on the sidelines waiting for this guy to leave the WH. Well, since it will be another 4 years, they are off-loading people that they are not going to need, and I think they will be hunkering down for another 4 years.

I was hoping that he would be voted out; but, I think that we have gone over the tipping point and now more people than not want the govt. to give them stuff. My youngest daughter graduated from college in December of 2008. She could not find a job and after a year of trying, got a certificate to qualify to teach overseas and has been in Japan for over 2 years. I was hoping that she could come home soon if Romney was in and started unraveling this mess. But, I guess not. I miss her.

This one kind-of stunned me. Not that they are laying off; but, the amount. 30% is a pretty big lay-off from one section of the company (management). I live in the Seattle area, this one is going to hurt.

I have known that businesses have been holding a lot of their capital on the sidelines waiting for this guy to leave the WH. Well, since it will be another 4 years, they are off-loading people that they are not going to need, and I think they will be hunkering down for another 4 years.

I was hoping that he would be voted out; but, I think that we have gone over the tipping point and now more people than not want the govt. to give them stuff. My youngest daughter graduated from college in December of 2008. She could not find a job and after a year of trying, got a certificate to qualify to teach overseas and has been in Japan for over 2 years. I was hoping that she could come home soon if Romney was in and started unraveling this mess. But, I guess not. I miss her.

“Yes I Can” The stock market would have gone up, and not down. The company wanted to expand and hire more workers, but now have cut everyone back to 4 days per week instead of 5. The three that were let go had Obama stickers.

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